VIENNA, Austria—Semperit A.G. Holding plans to acquire German rubber seal manufacturer Leeser GmbH & Co. KG to strengthen its Semperform business.
Once the transaction is finalized, Semperform will expand its presence in the profiles market, the firm said.
The companies did not disclose financial details. The acquisition, expected to close in the second quarter of 2015, is subject to approval by antitrust authorities.
With a work force of about 200, Leeser operates two manufacturing plants in Dusseldorf, Germany, where it produces high quality rubber seals mainly for markets in Western Europe and the region of Germany, Austria and Switzerland.
“With Lesser we can more effectively serve new customers and markets and strengthen our technological base,” said Thomas Fahnemann, CEO of Semperit A.G. Holding.